News/Press

Yerevan, June 9, 2020 – The European Union, through its EU4Business “Innovative Tourism for Armenia” project implemented by German Development Cooperation GIZ announces the EU4Business Innovative Tourism Action Grants in Times of Covid-19 Scheme for Armenia’s tourism industry for doing business in these times. Support provided through EU4Business Innovative Tourism Action Grants aims to increase...
OECD is inviting you to register for three peer review sessions in zoom webinar format in the coming weeks. The webinars will focus on country-specific priorities in the wake of Covid-19 economic shocks. MOLDOVA: 17 June Deeper integration with foreign markets and development of supply-chain linkages offer a way out of the Covid-19 crisis for a small open economy like Moldova. The OECD Eurasia...
Armenia 8,923 beneficiaries received a total of 1.7 billion AMD (more than US$ 3.5 million) from the Armenian government within the 18th measure aiming to pay every fifth employee’s salary to those employers and companies that have saved their jobs and payroll amount during the Covid-19 pandemic. Read More 19th measure to neutralize Covid-19 economic consequences in Armenia is to assist the...
In the wake of the global coronavirus pandemic, the resilience of small and medium enterprises has been put to the ultimate test. The EU4Business team perfectly understand that SMEs face challenges to keep their business afloat. Entrepreneurs find it difficult to regularly adapt to newly-emerging regulations and market requirements, maintain the workforce, seek investments and continue operations...
The moratorium on inspections is a broad concept used by both government officials and the media. In Ukraine, there are at least two major categories of inspections that people usually haven’t been told much about. The first category subject to the moratorium during the quarantine is the so-called state supervision (control) of economic activities. It is identified by spheres of control and NOT...
Virtual learning for Georgian agribusiness for better access to EU markets
On May 18-19, 2020, the Eastern Partnership Ready to Trade project, implemented by the International Trade Centre (ITC) in partnership with the Centre for the Promotion of Imports (CBI), organized a two-day online training for project’s beneficiaries. The objective of the training was to strengthen the export capacity of selected SMEs in the EU market. The sessions were led by Reindert Dekker, an...
Armenia The state of emergency in Armenia is extended for 30 days till June 13, while financial and economic activities can be undertaken under specific conditions. Read More A total of 84.4 billion AMD (about US$ 175 million) have been distributed by the government as of May 16, 2020 to 48,400 legal entities and more than 1 million individuals. With the 3rd measure dedicated to SMEs, the...
The European Union and Viva-MTS support New Startup Growth Programme by Armenia Startup Academy
We are pleased to announce the call for applications for the first Traction programme of Armenia Startup Academy - a 10-week mentorship-based programme designed to help companies at post-prototype stage with early traction to accelerate their growth and raise their first or follow-on rounds. The programme is implemented by Catalyst Foundation supported by the European Union’s EU4Business “...
Belarus SMEs contribute to coronavirus pandemic fight
EBRD and donors support businesses with finance and advice. Belarus is one of many states which have been hard hit by the coronavirus pandemic. This week its toll of infected citizens reached almost 24,000, with this indicator more than 60 per cent higher than in neighbouring countries like Ukraine or Poland . Socially responsible businesses are actively helping the state to contain the outbreak...
Armenia About 14,000 economic entities (93.3% of the potential beneficiaries) with 2 to 50 employees received a total of about 2.2 billion AMD (about US$ 4.5 million) as the result of the measure aimed at mitigating the economic circumstances of Covid-19, according to the State Revenue Committee. Read More 70.3 billion AMD (about US$ 145 million) was distributed through 17 actions of the...